Ramona owns 20% of the stock of Miller, Inc. Miller reports the following items for the current

Question:

Ramona owns 20% of the stock of Miller, Inc. Miller reports the following items for the current year:
Sales $3,400,000
Gain on sale of stock held for 2 years 250,000
Cost of goods sold 1,800,000
Operating expenses 900,000
Dividends paid to stockholders 180,000

What are the effects on Ramona's taxable income if Miller, Inc., is organized as
a. A corporation?
b. An S corporation?